Hong Kong - January 26, 2010 – Citi’s Securities and Fund Services, a division of Global Transaction Services, has been appointed custodian bank by Korea-based Tong Yang Investment Trust Management Co. Limited ("Tong Yang Investment Trust Management"). The mandate exclusively covers China with Citi acting as custodian for Tong Yang Investment Trust’s client’s Qualified Foreign Institutional Investor (QFII) investments.

Under the mandate, Citi’s Securities and Fund Services will provide Tong Yang Investment Trust Management an array of custody services including asset safekeeping, trade transaction processing, income collection, corporate actions and regulatory reporting. Citi will also provide customized foreign exchange services for the client’s RMB account.

The announcement follows Tong Yang Investment Trust Management’s recent QFII status approval by the China Securities Regulatory Commission (CSRC). By receiving QFII approval, Tong Yang Investment Trust Management can invest in the China A Share market for its client base in Korea.

In servicing Tong Yang Investment Trust Management’s QFII business, Citi continues to act as custodian bank for more QFII funds than any other provider, while further displaying its commitment to this expanding part of the China securities market. Additionally, by securing this important mandate against strong competition, Citi continues to win the most visible QFII mandates from Korea-based investment managers as they look to increasingly capitalize on the Chinese market.

James Young, Director, Head of Alternative Investment Division, Tong Yang Investment Trust Management Co Limited, said: "China is strategically important for us and we have signaled our long-term confidence in this market through our recent QFII approval. Citi’s detailed understanding of our objectives and leadership in providing custodian services to QFII clients in China gives us great confidence in our choice of partner."

Harle Mossman, Managing Director, Head of Investor Sales, Asia Pacific, Citi’s Securities and Fund Services, said: "Citi is committed to growing our QFII franchise and building on our leading position in China. The appointment by Tong Yang Investment Trust management is another strong example of our institutional clients’ endorsement of our unmatched capabilities in this market."


About Tong Yang Investment Trust Management:
Tong Yang Investment Trust Management Company is the 9th largest fund manager in Korea. It currently holds USD $8.76 billion in assets under management and holds a market share of 3.06% in Korea. The company is part of the Tong Yang Group, which is composed of 19 organizations. The finance sector of Tong Yang Group comprises of 7 subsidiaries; Tong Yang Securities, Tong Yang Investment Trust Management, Tong Yang Life Insurance, Tong Yang Capital, Tong Yang Financial Services, Tong Yang Futures Trading, and Tong Yang Venture Capital that combine to offer total financial services.

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Additional information may be found at or

About Global Transaction Services
Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the Fourth quarter of 2009. It held on average $335 Billion in liability balances and $12.1 trillion in assets under custody.